So far, 2025 has been a year of sharp policy shifts and heightened macroeconomic uncertainty. With volatility becoming the new normal, how can investors stay grounded? In this episode of The Bid, host Oscar Pulido welcomes back Glenn Purves, Global Head of Macro at the BlackRock Investment Institute, to break down the firm’s 2025 Midyear Outlook.

They explore why the long-term economic picture has become less predictable, how mega forces like AI and geopolitical fragmentation are reshaping global economic markets, and what “investing in the here and now” really means. From the role of private capital in funding infrastructure and energy to the balance between strategic and tactical asset allocation, Glenn shares how investors can find opportunity amid uncertainty in the economy—and what risks investors should watch for in the second half of the year.

Sources: 2025 Midyear Outlook, BlackRock Investment Institute

Key moments in this episode:

00:00 Introduction to 2025 Market Volatility

01:55 Introducing the Investment Midyear Outlook

02:46 Geopolitical Fragmentation and Mega Forces

03:48 3 Investment Themes In 2025

05:10 Navigating Uncertainty and Risk

08:47 The Role of AI and Energy in Investments

13:19 Geopolitical Landscape and Trade Policies

16:49 Conclusion and Key Takeaways

19:30 Summer Series on The Bid

Check out this playlist featuring previous Outlooks: https://open.spotify.com/playlist/1xN5nUCnSM9TuHxTE5ibOe

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economy, investors, macroeconomic

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